In Re: Chapter 13 Case No.: ATTACHMENT TO SCHEDULE OF PROPERTY (FOR PRINCIPAL RESIDENCE ONLY) DESCRIPTION OF PROPERTY Address: Fractional interest (explain): BASIS Did the Debtor(s) purchase this property by reinvesting funds from another principal residence and deferring gain (carrying over basis) on that sale? If yes, enter the total gain deferred (accumulated from all previous reinvestments) by the purchase of this property? If no, enter zero. Enter total value of all improvements made to this property (zero if none): Enter total amount of all tax losses taken on this property (zero if none): Describe any improvements made to, or tax losses taken on, this property: Purchase price of this property: Less Deferred gain: Plus Improvements: Less Tax losses: Equals ADJUSTED BASIS: VALUE Expected sale price: Less Expense of sale: Equals AMOUNT REALIZED: _______________ _______________ [a] _______________ [b] _______________ [c] _______________ [d] ____ Yes ____ No _______________ [a] _______________ [b] _______________ [c] + = = _______________ [e] _______________ [f] _______________ [g] CAPITAL GAINS TAX Are the Debtor(s) entitled to take any business losses (after applicable carry-back) which would be carried forward and acquired by a Chapter 7 trustee? _____ Yes _____ No If yes, describe (and reduce the capital gains taxes calculated below by such amounts): Amount realized: Less Adjusted basis: Equals GAIN ON SALE: Federal tax on [h]: Plus State tax on [h]: Equals TOTAL TAX: CHAPTER 7 TRUSTEE'S FEES Expected sale price: Less Exemption claimed: Equals CHAPTER 7 ESTATE: Chapter 7 trustee's fees on [m]: _______________ [g] _______________ [d] _______________ [h] _______________ [Federal form 1041] _______________ [California form 541] _______________ [k] = + = = _______________ [e] _______________ [j] _______________ [m] _______________ [n] [11 U.S.C. 326] SUMMARY Expected sale price: Less Expense of sale: Less Total tax: Less Chapter 7 trustee's fees: Equals GROSS VALUE: = Less Total liens: Equals NET VALUE: = Minus Exemption claimed: Equals NET AMOUNT AVAILABLE FOR PRIORITY & UNSECURED CREDITORS: = _______________ [e] _______________ [f] _______________ [k] _______________ [n] _______________ _______________ _______________ _______________ [j] _______________ 2001 © American LegalNet, Inc.